Advantage Oil & Gas Ltd. (NYSE:AAV) saw strong trading volume on Thursday . 107,630 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 83,214 shares.The stock last traded at $5.78 and had previously closed at $5.72.

A number of equities research analysts have recently issued reports on the stock. TD Securities raised shares of Advantage Oil & Gas to a “buy” rating in a research note on Thursday. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $9.25 target price on shares of Advantage Oil & Gas in a research note on Friday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $9.00 target price on shares of Advantage Oil & Gas in a research note on Friday, April 15th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Advantage Oil & Gas in a research note on Friday, March 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Advantage Oil & Gas currently has an average rating of “Buy” and an average target price of $9.47.

The company has a 50-day moving average of $5.72 and a 200-day moving average of $5.37. The stock has a market capitalization of $1.07 billion and a P/E ratio of 41.73.

Several large investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its stake in Advantage Oil & Gas by 37.1% in the fourth quarter. I.G. Investment Management LTD. now owns 5,089,606 shares of the company’s stock valued at $25,871,000 after buying an additional 1,378,622 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Advantage Oil & Gas by 147.6% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 730,800 shares of the company’s stock valued at $5,138,000 after buying an additional 435,700 shares in the last quarter. Russell Frank Co boosted its stake in Advantage Oil & Gas by 22.5% in the fourth quarter. Russell Frank Co now owns 687,468 shares of the company’s stock valued at $3,396,000 after buying an additional 126,364 shares in the last quarter. TD Asset Management Inc. boosted its stake in Advantage Oil & Gas by 3.6% in the fourth quarter. TD Asset Management Inc. now owns 2,458,776 shares of the company’s stock valued at $12,443,000 after buying an additional 85,868 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Advantage Oil & Gas by 16.0% in the fourth quarter. Morgan Stanley now owns 554,921 shares of the company’s stock valued at $2,820,000 after buying an additional 76,533 shares in the last quarter.

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It operates in the Montney resource play located in Western Canada.

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